Uber reported strong Q1 results with Gross Bookings up 25% year-over-year to $53.72 billion and earnings per share slightly above expectations. The company provided upbeat Q2 guidance, projecting 31% to 38% EPS growth and adjusted EBITDA between $2.7 and $2.8 billion, driven by growth in delivery revenue and Uber One memberships reaching 50 million. Uber's stock rose over 8% following the report, and analysts see significant upside potential, with a price target of $124.33 implying a 57% gain over the next year. Risks include regulatory challenges and competition from autonomous vehicle services, but overall the outlook remains positive with strong cash flow and buybacks supporting the stock.
Taiwan Semiconductor Manufacturing Company (TSMC) announced an additional $100 billion investment in its U.S. chip production, raising its total commitment to $265 billion. This funding will support the construction of four new fabrication plants usi...
Uber Technologies reported a 21% year-over-year increase in gross bookings and a 42% rise in non-GAAP operating income for Q1 2026, alongside $2.28 billion in free cash flow. The company now has over 50 million Uber One members and projects 18-22% gr...
Uber's chief product officer Sachin Kansal shared the company's vision to grow beyond ride-hailing into travel planning, hotels, AI-powered shopping, and autonomous vehicles. Uber aims to create a hybrid network combining human drivers and robotaxis,...
Zipline, a drone delivery startup, is rapidly expanding its U.S. operations by hiring former Tesla, Uber Eats, and Waymo executives to scale its business. The company now completes one drone delivery every 20 seconds and has surpassed 2.5 million com...
Uber Technologies is reportedly in advanced talks to acquire Delivery Hero, a major German food-delivery company, aiming to finalize the deal soon. Uber already owns about 25% of Delivery Hero's shares and holds additional derivatives, giving it near...
